Solvay S.A. : Solvay group: 1st quarter 2013 results

             Solvay S.A. : Solvay group: 1st quarter 2013 results

Brussels, May 13, 2013

Highlights Q1 2013

Group net sales down (3)% YoY at € 3,010 m with volumes down (2)%, prices
stable and forex impacts slightly negative

  *REBITDA at € 454 m, down (12)% YoY against demanding comparables, up 6%
    versus Q4'12

    - Growth engines segments, Consumers Chemicals and Advanced Materials,
    posted continuous growth with REBITDA up 10% and 3%, respectively, despite
    the absence of favorable price conditions enjoyed last year

    - Performance Chemicals down (17)% mainly due to low volumes in Essential
    Chemicals while Acetow posted a new record

    -Functional Polymers down (14)% suffering from persisting depressed
    demand and poor margins at both Polyamide and Vinyls

    - In Energy Services, as expected, lower volumes of CER in its phase-down

    -Overall satisfactory pricing power.

  *EBIT at € 250 m vs € 287 m in Q1'12 (IFRS EBIT at € 217 m vs € 207 m in
    Q1'12)
  *Net income at € 101 m vs € 119 m in Q1'12. Net income (Group share) at €
    86 m vs € 110 m in Q1'12 (IFRS Net income (Group share) at € 63 m vs € 50
    m in Q1'12)
  *Free Cash Flow € (17) m ; Net Debt € 1,313 m, up € 188 m vs. YE'12


Non-binding letter of  intent signed  with Ineos  for the  combination of  our 
respective European Chlorovinyls activities into a 50/50 JV


Quote of the CEO

Europe's economic slowdown weighed on demand and trading conditions  impacting 
all of our activities in the region. Our businesses in North America and  Asia 
performed well, but remained subdued  in Latin America. Meanwhile, our  growth 
engines continued  to deliver.  Furthermore, we  made significant  headway  in 
strengthening our  foundations,  while  our efficiency  programs  remained  on 
track. The planned chlorovinyls joint venture with Ineos will be a major  step 
in the reshaping of our portfolio and one that will substantially enhance  our 
business profile.

Outlook

For the  moment,  we  do  not  observe  any  significant  improvement  in  the 
macroeconomic and business environment compared to the preceding months.  Even 
if this challenging  context were to  persist throughout the  year, Solvay  is 
confident in  its ability  to improve  its REBITDA  in 2013  compared to  last 
year's, excluding the impacts of the exceptional pricing of guar and the  sale 
of carbon  credits (combined  totaling  € 190  m  in 2012).  Moreover,  Solvay 
remains  committed  to   its  ambition   for  2016  while   speeding  up   its 
transformation through value-creation initiatives.

Footnotes:
All references to 2012 P&L data are to be deemed restated for the new business
organization effective  as from  January  1st 2013,  the reporting  of  Solvay 
Indupa as discontinued operations and for  the application of IAS 19  revised. 
All P&L indicators referred to this document are to be deemed adjusted, unless
otherwise stated as  IFRS accounts. Adjusted  indicators exclude non-cash  PPA 
accounting impacts related to the Rhodia acquisition.



As an international chemical  group,SOLVAYassists industries in finding  and 
implementing ever more responsible and value-creating solutions. The Group  is 
firmly committed  to sustainable  development and  focused on  innovation  and 
operational excellence. Solvay serves  diversified markets, generating 90%  of 
its turnover in  activities where it  is one of  the top three  worldwide.The 
group  is  headquartered  in  Brussels,  employs  about29,000  people  in  55 
countries and generated  12.4 billioneuros in  net sales in  2012. Solvay  SA 
SOLB.BE) is listed onNyse Euronextin Brussels and Paris (Bloomberg:  SOLB.BB 
- Reuters: SOLBt.BR).

 Lamia Narcisse   Caroline Jacobs Maria Alcon-Hidalgo   Edward Mackay
 Media Relations  Media Relations Investor Relations  Investor Relations
+33 1 53 56 59 62 +32 2 264 1530    +32 2 264 1984     +32 2 264 36 87

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